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05/26/1982 Meeting
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05/26/1982 Meeting
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City Council Minutes
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5/26/1982
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<br />e <br /> <br />" <br /> <br />Mr. Coombs said that staff recommended that the council accept the purchase <br />agreement with First Interstate Bank at an interest rate of 9 percent, with a <br />discount of $38,867, which translates to a net interest cost of 9.66 percent. <br />He said that this net interest cost compared favorably with other negotiated <br />sales. Mr. Coombs said that Mike Shangle of First Interstate was present to <br />respond to questions from councilors. <br /> <br />Mayor Keller noted that, in the event that the vote of the council was tied <br />on this matter, he would abstain from voting due to a potential conflict of <br />interest. <br /> <br />Res. 3671--A resolution authorizing sale of warrants in the <br />amount of $3,886,711. <br /> <br />Ms. Schue moved, seconded by Ms. Smith, to adopt the resolution. <br />Roll call vote; motion carried unanimously. <br /> <br />X. EUGENE PRIME INDUSTRY COUNCIL/CETA PROGRAM--STATUS REPORT (memo <br />distributed) <br /> <br />Mr. Whitlow introduced Gary Long, Administrative Services Director. Mr. Long <br />said that two years ago the council had decided to have the City become aCETA <br />prime sponsor. He reported that the City program had been under way for only <br />five months when it experienced a 50 percent budget cut and was legally required <br />to reorganize its operating structure and program. <br /> <br />e Mayor Keller left the meeting. Council Vice President Schue assumed the chair. <br /> <br />Mr. Long introduced Ray McIver, Chairperson of the Eugene Private Industry <br />Council (EPIC), to discuss the progress of the CETA program to date. <br /> <br />Ray McIver, 2540 Snelling, noted that Rich Cook, Vice Chairperson of EPIC was <br />also present. Mr. McIver said that in its work EPIC had addressed the economic <br />diversification, destination point activity, and small business assistance <br />elements of the City's Six Point Program for Economic Diversification. He <br />reported that to date 720 people had been placed in unsubsidized employment <br />through the City CETA program. Mr. McIver was pleased with the public/private <br />partnership of EPIC. He noted that, in response to a telephone call from the <br />White House, EPIC members would be meeting to develop unsubsidized private- <br />sector summer jobs for youth. Mr. McIver said that CETA staff had done an <br />excellent job with Eugene's program. <br /> <br />e <br /> <br />Mr. Long introduced Doug Booth, Eugene CETA Director. Mr. Booth used three bar <br />graphs to illustrate the performance record of the Eugene CETA program and to <br />compare the results of Eugene's program with those of Lane County and CETA <br />Region X program averages. He said that the entered employment rate for the <br />Eugene program for the past Federal fiscal year was 69 percent, as compared with <br />41 percent for Lane County and 47 percent for Region X. He said that the cost <br />per placement for Eugene was $3,999 and $5,000 for Region X. Mr. Booth said <br />that there had been good cooperation between the public and private sectors in <br /> <br />MINUTES--Eugene City Council <br /> <br />May 26, 1982 <br /> <br />Page 11 <br />
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